{"id":206651,"date":"2021-08-22T19:17:37","date_gmt":"2021-08-22T19:17:37","guid":{"rendered":"https:\/\/www.bnreport.com\/?p=206651"},"modified":"2021-08-22T19:17:37","modified_gmt":"2021-08-22T19:17:37","slug":"oil-prices-12","status":"publish","type":"post","link":"https:\/\/www.bnreport.com\/en\/oil-prices-12\/","title":{"rendered":"Saudi stocks fall affected by oil prices decline"},"content":{"rendered":"

Saudi stocks fell in trading today, Sunday, affected by the decline in oil prices during the past days, and pressure from several sectors that witnessed a decline.<\/p>\n

During Friday’s session, oil prices fell and recorded the largest weekly loss in nine months, affected by weak demand for fuel and the big selling on oil futures contracts.<\/p>\n

The Delta variant of the Coronavirus exacerbated the decline in oil prices, and led to a decline that lasted for seven consecutive days.<\/p>\n

Oil prices<\/strong><\/h2>\n

The main market index TASI fell on Sunday by 0.82%, or 91.4 points, to 11110.21 points, the lowest level since the beginning of August.<\/p>\n

The trading volume reached 55.164 million shares, with a value of 1.851 billion riyals, through the implementation of 93,029 deals.<\/p>\n

Despite today’s declines, TASI<\/a> recorded a rise of 27.91%, or 2425 points, since the beginning of this year so far, and the index tested its highest levels since January 2008.<\/p>\n

The public utilities sector led the declines by 1.60%, then the food retail sector by 1.23%, while the banks fell by 1.04%, the transportation by 1.03%, and the energy sector fell by 0.48%.<\/p>\n

In terms of shares, the share of Tanmia came the lowest by 3.45%, then Al-Madina Cement by 3.28%, and “Jazira” Takaful by 3.28%.<\/p>\n

On the other hand, the”Kingdom Co.’s share came first with a share of 3.14%, then Atheeb Telecom 3.1%, and “Exports” 2.40%.<\/p>\n

Dar Al-Arkan’s share was the most traded in terms of volume, with 5.70 million shares, with a value of 57.68 million riyals, while “Al-Rajhi” came the highest in terms of value with 105.77 million riyals.<\/p>\n

Weekly trading<\/strong><\/h2>\n

The Saudi market index ended last week’s trading, down by 1.08% on a weekly basis to the point of 11202. The average weekly trading recorded a decline of 20.2% to 31.78 billion riyals, compared to 39.83 billion riyals in the previous week.<\/p>\n

Today, the period set for announcing the quarterly financial results of companies listed on the Saudi market ends.<\/p>\n

The petrochemical companies listed on the Saudi stock market achieved a jump in their revenues to reach 69.5 billion riyals, a growth of 95%, compared to revenues of 35.67 billion riyals for the same period of the previous year.<\/p>\n

Petrochemical companies also achieved consolidated net profits during the second quarter of this year, by about 13.3 billion riyals, compared to a net loss of 3.86 billion riyals for the same quarter of last year, through 13 listed petrochemical companies.<\/p>\n

Petrochemical companies continued to profit for the fourth consecutive quarter, after three consecutive quarters of losses from the fourth quarter of 2019 until the second quarter of 2020.<\/p>\n","protected":false},"excerpt":{"rendered":"

Saudi stocks fell in trading today, Sunday, affected by the decline in oil prices during the past days, and pressure from several sectors that witnessed a decline. During Friday’s session, oil prices fell and recorded the largest weekly loss in nine months, affected by weak demand for fuel and the big selling on oil futures […]<\/p>\n","protected":false},"author":4,"featured_media":206652,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[43],"tags":[278],"class_list":["post-206651","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-featured"],"yoast_head":"\nSaudi stocks fall affected by oil prices decline | BNReport<\/title>\n<meta name=\"description\" content=\"BNReport - Saudi stocks fell in trading today, affected by the decline in oil prices and pressure from several sectors that witnessed a decline.\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.bnreport.com\/en\/oil-prices-12\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Saudi stocks fall affected by oil prices decline | BNReport\" \/>\n<meta property=\"og:description\" content=\"BNReport - 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